Two savings accounts offered by different banks

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You are looking at two savings accounts offered by different banks. One pays 5.25% APR, with daily compounding. The other pays 5.3% APR with semiannual compounding. Which account should you use to get more from your deposit?

Reference no: EM131446964

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Two savings accounts offered by different banks : You are looking at two savings accounts offered by different banks. One pays 5.25% APR, with daily compounding. The other pays 5.3% APR with semiannual compounding. Which account should you use to get more from your deposit?

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